Lawmakers Try To Lift Deposit InsuranceCoverage

Register now

WASHINGTON - (03/10/05) -- House members introduced a billWednesday that would again try to raise the limit on federaldeposit insurance coverage to $130,000 per account, from thecurrent $100,000, and index future increases to inflation. Thebill, which failed in the last congress, would also double thecoverage, to $260,000 per account for certain types of retirementaccounts, like IRAs and 401(ks). The bill would also try again, forat least the fifth time, to merge the deposit insurance funds forthe banks and thrifts.

For reprint and licensing requests for this article, click here.